It has done so far. It came with a lanyard and the base has a small eyelet moulded into the part you twist to raise the stick. It works well so far. The UV sensitive cap seems to clip onto the tube well and not had any problems with it coming apart or anything.

I have also seen small holders that you can slip a lip balm into and attach to a key chain. I use a Utility key ring with small clips (mcgizmo type) and like to customise my key chain to the needs of the day.

It actually works really well! My girlfriend got it for me as kind of a joke, but I love it. I need something that holds up well to moisture. This does the trick. Leather wallets tend to get gross on me. I've been carrying it for a couple years. A buck is a good deal! Mine was buy one, get 2 free, so should this ever wear out, I have 1 back-ups.